MACC Clean Up Corporate Rats

Author: MaccClean   |   Latest post: Wed, 20 Mar 2019, 9:59 AM


After Ancom Bhd’s Siew, Protasco Bhd Chong's RM4.2 billion JKR contract awarded pre-election MACC next probe? Insider Watch.

Author:   |    Publish date:


10 January 2019, Kajang, Selangor, Malaysia - Protasco Bhd saw the SUKE contract terminated and the market is expecting more revision in the government contract manipulators given by the former government.

The MACC probe into high profile contract awards, especially those compromised and dubiously awarded pre-Malaysia General Election, are under review and awaits action from relevant authorities.

According to The Edge newspaper, Ancom Bhd executive chairman and former Tourism Malaysia chairman Datuk Dr. Siew Ka Wei was remanded for four days over an RM100 million tourism contract awarded before Malaysia's 14th general election. The Edge quoted that The Malaysian Insight reported today.

Market perceive this pre-election probe is just a small starter plate compared to Protasco Bhd’s RM4.2 billion JKR contract awarded to Dato Seri Chong Ket Pen’s high profile pre-election political campaign in May 2018 after it got awarded such contract in April 2018. Market consensus is anticipating when is the high profile public service contract be probed. Protasco Bhd quarterly cash flow saw RM66 million shortfalls right before the said contract was awarded.

MACC Watch




Share this

Related Stocks

Chart Stock Name Last Change Volume 
ANCOM 0.58 0.00 (0.00%)
PRTASCO 0.18 0.00 (0.00%)

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends


Top 10 Active Counters
 SCOMNET 0.6250.00 
 KOTRA 1.900.00 
 UCREST 0.080.00 
 EITA 1.070.00 
 PUC 0.100.00 
 WILLOW 0.3950.00 
 EAH-WE 0.0050.00 
 IRIS 0.0950.00 
 HSI-C9L 0.030.00 
 HOOVER 0.3950.00 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers